Argentina Money
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The Americas Fund is part of the Enterprise for the Americas Initiative inwhich the U.S. Government has agreed to forgive USD 2.7 million of Argentineforeign debt. This money is deposited instead with the Fund. A Board ofDirectors, comprised of U.S. and Argentine government representatives and localnon-governmental organizations (NGOs), evaluates environmental project requestsand disburses funds with the purpose of "promoting activities destined tothe preservation, protection, or management of Argentina's natural resources ina sustainable and environmentally sound manner, as well as promoting theimprovement of the survival and development of children in Argentina." TheFund is designed to become self-sustaining through the participation of othergovernments and/or private donors. ... [Read More]
Argentina
In 1999 the Government created a reparation fund to be used by the Grandmothers of the Plaza de Mayo in carrying out activities to find and return children stolen from their parents during the 1976-83 military regime. The fund authorized $600,000 (600,000 pesos) over 2 years, starting in January 1999, with the money coming directly from the national congressional budget. While full disbursement of this money has been delayed because of funding shortfalls, the fund has allowed the Grandmothers of the Plaza de Mayo to carry out a nationwide advertising campaign that resulted in more than 70 individuals coming forward to ask the organization's assistance in confirming their true identities. ... [Read More]
Money Laundering and Financial Crimes
(1) As DEA also points out, "In some cases, the agent (business) may represent a variety of remittance companies. When this is the case, the agent may suggest dividing the deposit, sending a portion with each of the represented businesses (companies). Thus, detection is increasingly challenging."Federal authorities at the conference also highlighted the recent growth of smaller independent remitters (beyond the more established Western Union and MoneyGram systems), particularly of those providing service to and from Mexico. DEA reported that although these remitters provide important legitimate services to migrant worker populations, the location of these businesses, "do not necessarily parallel the employment centers for these laborers. Rather, it appears that the agent locations are primarily located in states without regulations governing the money services industry." ... [Read More]
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Emergency Services US Passports Arrests [Read More]
M) Money Laundering and Financial Crimes
The following are summaries of the most significant priority issues:Refocus Efforts of High Intensity Financial Crime Areas (HIFCAs). HIFCAs are special, high-risk areas or sectors where law enforcement will concentrate its resources and energy to combat money laundering. The 2001 Strategy mandated that the HIFCA task forces become operational and conduct investigations designed to result in indictments, convictions, and seizures, rather than focus primarily on intelligence gathering. Each of the six HIFCA Task Forces is now actively working cases. HIFCA Task Forces are composed of, and draw upon, all relevant federal, state, and local agencies. The Departments of Treasury and Justice jointly supervise the HIFCA Task Forces, and the 2001 Strategy primarily tasks the Federal Law Enforcement Training Center (FLETC) and Justice’s Asset Forfeiture and Money Laundering Section to develop an advanced money laundering training program to enhance the HIFCA Task Forces’ abili ... [Read More]
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